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Bitcoin is an experimental digital currency that allows instant payments to anyone, anywhere in the world. Bitcoin uses peer-to-peer technology to operate with no central authority. Money transfers and the minting of new coins are carried out collectively by the network. The open source software that enables Bitcoin is released under the MIT license.
Click here for a concise explanation of how it works or here for a detailed technical description.
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This Week in AI: Is OpenAI creating a social media platform?
18 Apr 2025 15:00 In other news, Meta said it will use public user data to train the EU version of Meta AI, while Nvidia plans to invest $500B in U.S. AI infrastructure.
SEC hints at future regulatory framework under new guidance The SEC clarifies that the new guidance has no legal effect and only intends to clarify digital asset offerings under Trump's regime.
Ian Grigg on blockchain concepts, Triple Entry Accounting Ricardian Contract inventor Ian Grigg shares his involvement in the early Internet, blockchain concepts, and the upcoming TEA Conference in Malta.
VASPs top Q1 funding in SEA amid dip in startup investment Elsewhere, digital salary payments continue to struggle in Japan, accounting for a mere 3% despite the gov’t making it one of the main cashless initiatives.
Santander Bank Not Liable for Customer’s $750K Crypto Loss, Court Confirms
JPMorgan Says Bitcoin’s Safe-Haven Appeal Is Crumbling Fast
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"The root problem with conventional currency is all the trust that's required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust. Banks must be trusted to hold our money and transfer
it electronically, but they lend it out in waves of credit bubbles with barely a fraction in reserve. We have to trust them with our privacy, trust them not to let identity thieves drain our accounts. Their massive overhead costs make micropayments impossible.
With e-currency based on cryptographic proof, without the need to trust a third party middleman, money can be secure and transactions effortless."
Satoshi Nakamoto |
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